Meta plans to invest over 10 billion USD in Scale AI, with a valuation exceeding 29 billion USD.

According to ChainCatcher and reported by Jinse Data, Meta Platforms is negotiating an investment deal with AI startup Scale AI that could exceed 10 billion USD. If completed, this deal would become one of the largest private company financing rounds in history. Scale AI was founded in 2016 by CEO Alexandr Wang, primarily providing data labeling services to enterprises to assist in training machine learning models. The company has become a major beneficiary of the generative AI boom, with clients including Microsoft and OpenAI. In a 2024 funding round, Scale AI was valued at approximately 14 billion USD, and after this investment, its valuation is expected to exceed 29 billion USD.